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    Bushwick Multifamily Building for Sale Title is generated by Realmo AI

    311 Troutman St, Brooklyn, NY 11237

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    Claim this Listing
    For Sale
    $3,400,000

    Eight-unit multifamily building in Brooklyn's Bushwick neighborhood.

    Type:Multifamily
    Property size:
    6,500 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $523/SF
    Added:
    Apr 3, 2026
    Days on Market:
    70
    Last Refresh:
    Apr 3 at 5:11 am

    Property Features for 311 Troutman St

    General Information

    Standard status
    Active
    Size
    6,500 SF
    Lot size
    0.06 Acres
    Property subtype
    Multifamily

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    Listing Contact
    Shaun Riney

    Listing agent Shaun Riney License #NY: 10491208207

    Listing office New York City Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of New York City Office

    HighLights

    • Located in Bushwick, a dynamic and rent‑growth‑oriented neighborhood in Brooklyn.
    • 8‑unit multifamily building.
    • Approximately 6,500 gross square feet.
    • Situated on a 25’ x 100’ lot.
    • R6 zoning district.
    • Marcus & Millichap listing.

    Overview

    The property at 311 Troutman Street is an 8-unit multifamily building situated in the Bushwick neighborhood of Brooklyn. The building has approximately 6,500 gross square feet and is located on a 25' x 100' lot. The property is located in an R6 zoning district.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $368.2k $56.64
    − Vacancy −$7.4k −$1.13
    EGI $360.8k $55.51
    − OpEx −$162.4k −$24.98
    NOI $198.4k $30.53
    6,500 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.83M
    $2.48M – $3.31M (±1% cap)
    NOI $198,438 @ 7.0% cap · market cap 5.84%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $5.38M
    $4.71M – $6.28M (±1% cap)
    NOI $376,740 @ 7.0% cap · market cap 11.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.925299
    Latitude
    40.704444

    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily building in Brooklyn's Bushwick neighborhood.
    Where is this apartment building located?
    The property is located at 311 Troutman St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: Located in Bushwick, a dynamic and rent‑growth‑oriented neighborhood in Brooklyn.; 8‑unit multifamily building.; Approximately 6,500 gross square feet.
    More about this property
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